Formtek-Maine Salary

Formtek-Maine Salary

How much does the Formtek-Maine Pay for employees?

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As of July 2026, the average annual salary for employees at Formtek-Maine in the United States is $81,431. This translates to an approximate hourly wage of $39. Salaries at Formtek-Maine typically range from $71,723 to $91,881 annually, reflecting the diverse roles and experience levels within the company. Formtek-Maine’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Formtek-Maine Pay for Different Roles?

Explore detailed salary information for specific jobs at Formtek-Maine. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Formtek-Maine

Ready for your next career move? Explore current job openings at Formtek-Maine. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Formtek-Maine’s Pay Competitive? Salary Benchmarking Analysis

How does Formtek-Maine’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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90k
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Average Salary ($/year)
Formtek-Maine
MFG Durable
Zonex Systems
Richway Industries Ltd
Industry Comparison
Our data shows that, on average, compensation at Formtek-Maine is below the average for the U.S. MFG Durable industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formtek-Maine average annual salary with several similar companies. Formtek-Maine average salary of $81,431 is lower than Zonex Systems, which has an average salary of $98,033. It is higher than Richway Industries Ltd, with their average salary at $80,734. This places Formtek-Maine in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Formtek-Maine's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Formtek-Maine. Click a company name to learn more.

Employee Reviews: Working at Formtek-Maine

Considering a career at Formtek-Maine? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The leadership team encourages feedback and new ideas. It’s truly exciting to be at the dynamic forefront of such rapid and impactful creative advancements within our industry. Leadership recognizes and rewards hard work. The leadership team fosters a culture of respect, and the shift schedules are stable.
Commented in March 25, 2025
10
1
Management is approachable, and coworkers are always willing to help. You feel appreciated for your efforts. The communication channels are open, and employee feedback is genuinely encouraged and acted upon. This company truly understands the needs of its manufacturing workforce. This makes you feel heard and valued. Clear chain of command. Management is transparent and communicates effectively wi...
Commented in February 14, 2025
35
2
It’s rare to find such a structured yet flexible environment. Shift work takes adjustment. Coworkers are helpful, and it’s easy to build strong relationships. It’s motivating to work toward team goals. There’s pride in producing something customers can rely on.
Commented in March 26, 2024
28
1

Formtek-Maine Overview

Website
www.cwpcoil.com
Founded In
1956
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
76 Hinckley Rd Clinton Maine ME 04927
Revenue
$5 Million - $10 Million
Phone Number
+1 8002472645
Social Media
About Formtek-Maine
B&K designs and manufactures metal processing and metal forming equipment with cutting edge, patented technologies aimed at the metal building and metal processing industries. The B&K Supermill® features the patented gauge adjustment and rotary punch and shear technologies.

What Benefits Does Formtek-Maine Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formtek-Maine offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Bangor?

Understanding the cost of living near Bangor is key to truly evaluating a salary offer or your current compensation at Formtek-Maine.
Bangor's Cost of Living Index is approximately 90.3 (9.7% less expensive than US average; 11.0% less than ME average). Central ME city, regional hub, affordable housing. Community Connector bus. When planning your budget based on a salary from Formtek-Maine, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Formtek-Maine salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (Community Connector monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,550+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formtek-Maine

1. What is the estimated average total compensation at Formtek-Maine?

Salary.com estimates that the average total compensation package at Formtek-Maine, which can include base salary, potential bonuses, and benefits, is around $81,431 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Formtek-Maine pay compared to Zonex Systems?

The average annual salary at Formtek-Maine is $81,431, or an hourly wage of $39, in comparison to Zonex Systems which pays $98,033 per year or $47 per hour.

3. Do salaries differ significantly between departments at Formtek-Maine?

Yes, salaries often differ between departments at Formtek-Maine due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Formtek-Maine?

Salary progression from an entry-level to a senior role at Formtek-Maine can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Formtek-Maine in Bangor is fair given the local cost of living?

To determine if a salary offer from Formtek-Maine in Bangor is fair, first compare the gross salary to our data for similar roles at Formtek-Maine and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Bangor" to understand its purchasing power.

6. Are promotions at Formtek-Maine usually accompanied by a significant salary increase?

Yes, promotions at Formtek-Maine are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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